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Green Revolving Fund

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Smart Investing for the Future

The Green Revolving Fund (GRF) is a $12 million revolving fund that provides capital for high-performance campus design, operations, maintenance, and occupant behavior projects. Basic project eligibility guidelines state that projects must reduce the University’s environmental impacts and have a payback period of five to ten years or less. Since its inception, the GRF has supported nearly 200 projects that have yielded over $4 million in energy savings annually.

How to apply

Once any questions have been addressed, fill out the application form and email it and any supporting materials to John to begin the approval process. Upon approval, the applicant will receive an award letter with the project identification number.

Payment Process

Payback schedules are generally based on the estimated annual savings calculated during the application process. Once part or all of your expenses for a particular project are incurred, email a copy of the paid invoice(s) to John Ullman (John_Ullman@harvard.edu), who will initiate the disbursement of the funds to the applicant. In order for funds to be disbursed, the applicant must provide the account coding for both the account(s) to which the funds will be disbursed as well as the account(s) from which the fund will be repaid. Repayments to the GRF begin the fiscal year after the funds were disbursed and will be drawn quarterly.

Typical Projects

The most commonly funded categories (in order) include:

Lighting

HVAC

Kitchen
All types of commissioning

Behavior change

Controls

Insulation

Renewable energy

Metering

Cogeneration

Not from Harvard? Want to start a Green Revolving Fund at your institution?

Harvard is an active member of the founding circle for the Billion Dollar Green Challenge. The Challenge's website provides a wide variety of tools and resources to Schools and other institutions interested in implementing a Green Revolving Fund.